Latest news with #Baird
Yahoo
a day ago
- Business
- Yahoo
Why Griffon (GFF) Stock Is Up Today
What Happened? Shares of multi-industry consumer and professional products manufacturer Griffon Corporation (NYSE:GFF) jumped 4% in the afternoon session after an analyst at Baird maintained an "Outperform" rating on the company and raised the price target to $100 from $92. The new price target represented an 8.7% increase and implied a potential upside of over 24% from the stock's previous closing price. The analyst's report highlighted a favorable view of the diversified management and holding company amid current market conditions. The move also came as reports showed increased institutional interest in the stock. For example, a recent filing revealed that Jennison Associates LLC boosted its stake in Griffon by over 95% during the first quarter. Other investment firms, including Gallacher Capital Management LLC, also initiated new positions in the company. After the initial pop the shares cooled down to $81.20, up 4.2% from previous close. Is now the time to buy Griffon? Access our full analysis report here, it's free. What Is The Market Telling Us Griffon's shares are somewhat volatile and have had 11 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The biggest move we wrote about over the last year was 6 months ago when the stock gained 10.7% on the news that the company reported fourth-quarter financial results, which blew past analysts' EBITDA and EPS expectations. On the other hand, its revenue slightly missed, as modest improvements in the Home and Building Products (HBP) segment were offset by weaker demand in Consumer and Professional Products (CPP), particularly in North America and the UK. Overall, this was a decent quarter with some key metrics above expectations. Griffon is up 12.8% since the beginning of the year, and at $81.20 per share, it is trading close to its 52-week high of $85.16 from November 2024. Investors who bought $1,000 worth of Griffon's shares 5 years ago would now be looking at an investment worth $4,095. Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next. Sign in to access your portfolio
Yahoo
5 days ago
- Automotive
- Yahoo
Tesla (TSLA) Faces Analyst Caution Ahead of Earnings as Risks Loom
Tesla, Inc. (NASDAQ:) is one of the On July 16, Baird reiterated the stock as 'Neutral,' stating that it's cautious on Tesla ahead of earnings next week. 'We see risk to estimates stemming from both 1) full-year volume outlook and 2) potential margin compression in the Energy segment.' In other news, Evercore ISI reiterated the stock as in line on July 15th. The firm said it's staying cautious on Tesla shares. 'We believe the stock, today, is increasingly both NOISE & SIGNAL based on: 1) Unabated negative revisions, 2) Disappointing AV rollout, 3) Increasingly divisive political posting, & 4) Technicals on edge.' david-von-diemar-ZBWn5DvO0hg-unsplash Tesla, Inc. (NASDAQ:TSLA) is an automotive and clean energy company that leverages advanced artificial intelligence in its autonomous driving technology and robotics initiatives. While we acknowledge the potential of TSLA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure: None.
Business Insider
5 days ago
- Business
- Business Insider
Sarepta downgraded to Neutral from Outperform at Baird
Baird downgraded Sarepta (SRPT) to Neutral from Outperform with a price target of $15, down from $35. The firm sees 'broad, existential uncertainty' due to management transparency issues and questions around Elevidys remaining on the market. Following reports of the FDA asking Sarepta to stop shipments of Elevidys, the risk of the drug being removed from the market are 'greatly amplified,' the analyst tells investors in a research note. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Herald Sun
17-07-2025
- Business
- Herald Sun
Melbourne house built around tank seeks $3m sale
A house in Melbourne's northeast featuring a sunken lounge built around a 72,700-litre water tank is ready to make a splash with a $2.75m-$3m sale. The 6.88ha property at 255 Kangaroo Ground-Warrandyte Rd, Kangaroo Ground, is owned by former T2 Tea director Derek Muirhead and wife Lisa. The couple's five-bedroom abode was originally designed by the late acclaimed architect John Baird of Cuthbert and Partners. RELATED: Saving an iconic Toorak home designed by Arts Centre architect Eltham: Former Australian cricket player Adam Dale and wife Nickie farewell family home Wonga Park house featuring infinity pool, outdoor pizza oven, mountain views up for sale According to the architectural firm Built Heritage Pty Ltd's online Dictionary of Unsung Architects, Mr Baird's projects included several residences across Victoria, an arts and crafts centre at the Beaumaris North State School, a Beaumaris teahouse and the information centre at Newhaven, Phillip Island. Mr Baird established his own housing company, Fairweather Housing, specialising in energy- and cost-efficient kit homes that won industry acclaim including an Australian Design Award and National Energy Award during the 1980s and 1990s. In 1984, he published a book titled By Design: Changing Australian Houses. Barry Plant Eltham's Kathy Purcell said that the Kangaroo Ground house's sunken lounge, wrapped in stacked stone, features a curved wall that backs onto the water tank. The renovated abode also has raked cedar-lined ceilings, large windows, and polished concrete floors throughout the open-plan living and dining spaces. Stone finishes and black-coloured cabinetry are showcased in the kitchen. A wine cellar, gym, decks, an open pergola and a tennis court surrounded by landscaped gardens and bushland are among the other highlights. 'The views are spectacular especially the sunset vistas and Melbourne CBD views,' Ms Purcell said. 'One of my favourite features is the entrance to the home, you walk in to see a beautiful calming designer space and look down the hallway to see a glass-roofed area like an atrium with plants growing inside.' Visitors can access the home via automatic gates and a long driveway. Elsewhere, the outdoor area boasts a dam-fed irrigation system, chicken coop, four-vehicle carport, single garage and barn. Ms Purcell said the house would suit families wanting a retreat-like lifestyle, downsizers and buyers seeking a treechange. 'Kangaroo Ground is still an undiscovered area for Victoria, and is only 45 minutes from the CBD,' she added. The home is close to the Yarra River, park lands, wineries, shops, schools and restaurants. Sign up to the Herald Sun Weekly Real Estate Update. Click here to get the latest Victorian property market news delivered direct to your inbox. MORE: $3.75m Eaglemont auction shocks buyers Melbourne houses tipped to hit new high by Christmas Inside Royal family's most scandalous vacation spots
Yahoo
16-07-2025
- Automotive
- Yahoo
TSLA: Cathie Wood Doubles Down on Tesla Ahead of Q2 Results
Tesla (NASDAQ:TSLA) shares climbed about 3% on Wednesday morning. The uptick followed ARK Invest's latest purchase of 115,400 Tesla shares across its ARK Innovation ETF (ARKK) and its Next Generation Internet ETF. Warning! GuruFocus has detected 4 Warning Signs with NVDA. The buys mark ARK's third Tesla acquisition this month, as Cathie Wood's firm continues to load up ahead of the electric?car maker's Q2 results due July 23. FactSet consensus calls for second?quarter EPS of $0.39, down from $0.52 a year earlier, and vehicle deliveries of 384,000, a drop of roughly 14% year?over?year. Analyst Ben Kallo of Baird flagged two areas to watch: demand for Tesla's more affordable models and potential margin erosion in its energy segment from tariff pressures. He projects EPS near $0.41 and rates the stock Hold with a $320 target, noting that upside hinges on whether Tesla can defy these headwinds. Recent activity by ARK supports its long-term thesis that Tesla will command EVs, energy storage and autonomous transport in the future. TSLA is about 23% down on the year so far but the current position presents a good opportunity to buy the stock in case the company exceeds the tepid expectations next week. This article first appeared on GuruFocus. Sign in to access your portfolio
